Fund 1 Investments, LLC bought TLYS

January 27, 2025 · Form 4 insider transaction

Fund 1 Investments, LLC bought 5,000 shares of Tilly's, Inc. at $4.20 per share, a transaction worth $21.0K. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Acquired (buy-side)
Shares
5,000
Price
$4.20
Total value
$21.0K
Role10% owner
SecurityCash-Settled Total Return Swap
Transaction codeP: Open-market purchase
Transaction dateJanuary 27, 2025
Filing dateJanuary 29, 2025
Shares owned after1,015,489
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

The Reporting Persons have entered into certain cash-settled total return swap agreements with an unaffiliated third party financial institution, which provide the Reporting Persons with economic exposure to 5,000 notional shares of common stock for a price of $4.20 per share. The swap agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the swap agreements (the "Subject Shares"). Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.; The expiration date of the swap agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.; Shares reported herein are held for the benefit of PLP Funds Master Fund LP (the "PL Fund") and additional private investment vehicles for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.; Shares held for the account of the PL Fund.

View the original Form 4 on SEC EDGAR
Fund 1 Investments, LLC bought TLYS: January 27, 2025 | Insider Trading Screener